DESTINY MEDIA TECHNOLOGIES INC 10-K

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. Market Information Our shares are currently trading on the OTCQB under the stock symbol DSNY. The average high and the low trading prices for our shares for each quarter of the last two fiscal years were: QUARTER HIGH ($) LOW ($) 1 st Quarter 2022 $1.55 $1.23 2 nd Quarter 2022 $1.32 $1.04 3 rd Quarter 2022 $1.08 $0.85 4 th Quarter 2022 $0.71 $0.54 1 st Quarter 2023 $0.64 $0.39 2 nd Quarter 2023 $0.70 $0.52 3 rd Quarter 2023 $0.94 $0.59 4 th Quarter 2023 $0.92 $0.65 The trades reflect inter-dealer prices, without retail mark-up, markdown or commission and may not represent actual transactions. Our shares are also traded on the TSX Venture Exchange under the symbol DSY. Holders of Common Stock As of November 28, 2023 our shareholders' list for our common stock showed 60 registered shareholders and 9,924,610 shares of our common stock outstanding. Dividends We have neither declared nor paid any cash dividends on our capital stock and do not anticipate paying cash dividends in the foreseeable future. Our current policy is to retain any earnings to finance the expansion of our operations. Our Board of Directors will determine future declaration and payment of dividends, if any, in light of the then-current conditions they deem relevant and in accordance with applicable corporate law. Recent Sales of Unregistered Securities For a description of our equity compensation plans, please see Item 12 of this report on Form 10-K. Repurchases of Equity Securities by the Issuer and Affiliated Purchasers During the year ended August 31, 2023, the Company repurchased and cancelled 25,651 common shares for $21,135 (2022 - 143,100 common shares for $179,401). Securities Authorized for Issuance Under Equity Compensation Plans Pursuant to the Company's 2015 Stock Option Plan (the "2015 Plan"), 530,000 shares of common stock have been reserved for issuance. A total of 420,000 common shares remain eligible for issuance under the 2015 Plan. On February 18, 2022, our Board of Directors approved the Company's 2022 Stock Option Plan (the "2022 Plan"), (together with the 2015 Plan, the "Plans"), whereby 1,000,000 common shares are reserved for issuance. A total of 361,000 common shares remain eligible for issuance under the 2022 Plan. See Item 11 " Executive Compensation - Equity Compensation Plan Information " for additional information regarding the Plan. 13 ITEM 6. SELECTED FINANCIAL DATA. Per §229.301 of Regulation S-K, the Company, designated a Smaller Reporting Company as defined in Section §229.10(f)(1) of Regulation S-K, is not required to provide selected financial data. Management's Discussion and Analysis of Financial Condition and Results of Operations is intended to help the reader understand the results of operations and financial condition of the Company and should be read in conjunction with our audited consolidated financial statements and notes thereto for the year ended August 31, 2023.